ADIA has been reducing its reliance on external fund managers and boosting in-house investment capabilities
Riyadh has been encouraging more family-owned companies to list on the domestic stock market
Four new categories have been announced, primarily targeting non-finance firms
Kuwait rose for the eighth straight session following MSCI’s decision to include the country in its main emerging markets index
A series of investor meetings are set to be held in Hong Kong, Singapore and London
The Kuwait bourse fell back after seven straight gains
Cash refunds have been capped at Dhs7,000 per tourist per day
The bank is upgrading its licence in Abu Dhabi to an asset management company from a representative office
The Saudis have sold nearly $60bn in international bonds since their debut as a global borrower in late 2016
The kingdom started marketing early on Tuesday an eight-year bond trance and a 20-year tranche
The kingdom is looking to diversify its investor base
The measure comes amid Abu Dhabi’s wider plans to lower costs and reduce barriers for doing business
Former managing partner Mustafa Abdel-Wadood was arrested in New York in April and released on bail
The Sukuk was oversubscribed by 10 times, receiving orders of $4.8bn
The combined entity will remain listed on the Dubai stock exchange
The Kuwaiti market has outperformed markets in the Middle East this year in anticipation of the MSCI move
Philippe Ghanem will be leaving the firm shortly to pursue new opportunities
Saudi’s index fell 0.8 per cent with nearly all its banks slipping
The bank will use a new anti-money laundering reporting platform starting from the end of June to identify illicit transactions
SIB had total assets of Dhs44.7bn as of the end of last year
Banks can build more robust anti-money laundering and sanctions compliance frameworks through the effective use of technology
The licence of Rasan Capital Limited has been suspended for 12 months
The move came after a Qatari regulator earlier this month placed more business restrictions on First Abu Dhabi Bank
Investors will be exempt from custom duties on building materials, tools and equipment needed to build tourism projects
Saudi Arabia’s crowded insurance sector is ripe for consolidation
The merger between Alawwal bank and Saudi British Bank has been completed
The kingdom is considering issuing its first euro-denominated bonds this year
Former CEO Khaled Sifri resigned from his role in May
Penalties have also been introduced to ensure adherence to basic conditions of employment, visa and residency sponsorship
The firm is looking at potentially issuing US dollar-denominated sukuk